Fusion IP announces progressive interim results

Fusion IP, a university IP commercialisation company targeted at turning world-class research into business, has announced its interim results for the six months ended 31 January 2011.

These include a 15 per cent increase in revenue and portfolio returns, to £2.1m from £1.81m recorded at the end of January 2010.

Increased profits excluding subsidiary spin-out costs and amortisation increased by 42 per cent to £1.22m, compared to £0.86 recorded for the previous year.